Building Details

Tenancy Multi

Listing Agency: HOWARD HANNA REAL ESTATE SERVICES

Listed By: Taylor Drawbaugh · License #RS346916 Show Phone

Source: Exprealty

Added: Jun 29 Changed: Sep 4 Last Checked: Oct 5 at 7:40PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HOWARD HANNA REAL ESTATE SERVICES

Investment Insights

Based on property information with market context.

This duplex features two separate residential units. Unit #1 is a one-bedroom, one-full-bath apartment with a fully equipped kitchen and its own laundry. Unit #2 provides three bedrooms and two full bathrooms with its own laundry, and includes modern updates while maintaining home character.

The property is located within walking distance to S. Highland St, Walnut St, and Bakery Square.

The flexible layout allows for continued duplex use, or for conversion to a single-family home by removing the wall separating the units.

Key Highlights

• Two‑unit duplex with separate one- and three‑bedroom layouts
• Unit #1: 1 bed, 1 full bath, fully equipped kitchen, roughly 815 sq. ft., and its own laundry
• Unit #2: roughly 1,500 sq. ft., 3 bedrooms, 2 full bathrooms, and its own laundry

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,364

Cap Rate

5.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$527,280 $527.3K

Cap Rate 7%

$376,629 $376.6K

Cap Rate 9%

$292,933 $292.9K

Market Conditions

NOI Build-Up for 2,315 SF

Gross rent

$40.3K $17.40/SF

− Vacancy

−$2.6K −$1.13/SF

EGI

$37.7K $16.27/SF

− OpEx

−$11.3K −$4.88/SF

NOI

$26.4K $11.39/SF

Area

Pittsburgh, PA

Vacancy

6.50%

Lease Rate

$17.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$527,280

Cap Rate 7%

$376,629

Cap Rate 9%

$292,933

Alternative Uses

Best Use

Multifamily LT 5

$376.6K

$329.6K – $439.4K (±1% cap)

NOI $26,364 @ 7.0% cap · market cap 5.02%

Second Best

Apartment 5plus

$348.8K

$305.2K – $406.9K (±1% cap)

NOI $24,416 @ 7.0% cap · market cap 4.65%

Theoretical Best

Office A

$737.3K

$645.1K – $860.2K (±1% cap)

NOI $51,609 @ 7.0% cap · market cap 9.83%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Electrical Service HVAC Service Law Firm Kitchen & Bath Showroom Florist Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

3,463

Businesses Nearby

Explore this area Business Placement

Demographics for 15232, PA

12,042

Population

6,740

Households

1.8

Avg Household Size

29

Median Age

81%

College-Educated

99%

High-School Grad

0.8 sq mi

ZIP Area

15,053

Density / Sq Mi

$66,139

Median Household Income

$40,158

Median Earnings

$1,388

Median Rent

$522,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Spacious Shadyside Apartment with Amenities

5 Bayard Road #912, Shadyside, PA 15213

$319,000

1,511 SF

View details

Mixed-Use Property with Cafe

5884 Ellsworth Ave, Shadyside, PA 15232

$825,000

0.07 Acres

View details

Five-Unit Multifamily Property

659 Maryland Ave, Shadyside, PA 15232

$945,000

View details

Brick Triplex with Fenced Yard

6016 Walnut St, Shadyside, PA 15206

$1,199,900

0.10 Acres

View details

Mixed-Use Building with Rooftop Deck

5801 Ellsworth Ave, Shadyside, PA 15232

$2,365,000

0.15 Acres

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two-unit duplex offers separate one- and three-bedroom layouts, each with its own laundry setup.

Where is this duplex located?

The property is located at 5972 Alder St Shadyside, PA.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: Two‑unit duplex with separate one- and three‑bedroom layouts; Unit #1: 1 bed, 1 full bath, fully equipped kitchen, roughly 815 sq. ft., and its own laundry; Unit #2: roughly 1,500 sq. ft., 3 bedrooms, 2 full bathrooms, and its own laundry